Vietnam has approved a master plan for exploration, exploitation, processing and usage of the country's chromate and manganese ores from now to 2015, local newspaper Vietnam News reported Tuesday.
The plan, aiming to meet demands of both domestic industry and export, calls for the exploitation of chromate and manganese ores to increase to about 530,000 tons by 2015 from 190,000 tons by 2007.
Capital for implementing the plan, about 363 million U.S. dollars, would come from private enterprises, the stock market, and domestic and foreign loans, according to the country's Ministry of Industry.
Under the plan, the country will build two new chromate processing plants in northern Thanh Hoa province with combined annual capacity of 30,000 tons. Currently, chromate processing capacity is concentrated in two existing plants in northern Thai Nguyen and Ninh Bing provinces.
Meanwhile, besides the establishment of small-scale plants in northern Ha Giang, Tuyen Quang provinces and central Ha Tinh province, large-scale manganese processing plants would be set up in northern Thai Nguyen and Cao Bang provinces to make out roughly 40,000 tons of the product by 2015.
The country's chromate reserves are roughly 25 million tons, located mainly in Thanh Hoa province, while manganese ones of about 11.1 million tons are mainly located in three northern mountainous provinces of Cao Bang, Tuyen Quang and Ha Giang, according to the newspaper.
Source: Xinhua
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